How to Purchase Bitcoin (BTC) using Tezos (XTZ)

To buy Bitcoin using Tezos, first, find a cryptocurrency exchange that supports the BTC/XTZ trading pair, such as YouHodler, Binance, BTSE or Coinbase. Create an account, verify your identity, and deposit your XTZ into your exchange wallet. Locate the BTC/XTZ pair on the trading platform and place an order to exchange your Tezos for Bitcoin. If the BTC/XTZ pair is unavailable, you can first exchange Tezos for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction. In Germany, it’s also important to consider the tax implications of your trades, as capital gains tax may apply to your profits from cryptocurrency transactions.